Over 400 VCs Invested $5B into Alameda Research
HONG KONG – Alameda Research, the sister company of former crypto exchange FTX, received $5.4 billion in funding from at least 400 different venture capital firms before the enterprise collapsed, according to a Financial Times report. Blockworks tweeted a thread of screenshots of a spreadsheet that detailed the information:
The document, dated early November 2022, was being used as collateral to extend a credit line that would cover the losses FTX incurred when the exchange crashed on Nov. 8th.
The spreadsheet lists investors who committed capital to Alameda who are listed on the leaked FTX balance sheet, confirming that funds between the two entities were mixed, in violation of SEC regulations.
Two of the largest donors listed on both balance sheets are crypto mining enterprise Genesis and Anthropic, an AI research company. Other more well-known companies or projects that invested in Alameda include Messari, Kraken, Magic Eden, Polygon Network and Elon Musk-owned companies SpaceX and the Boring Company.
Alameda Research was owned by former FTX CEO Sam Bankman-Fried. Based in Hong Kong, the firm analyzed cryptocurrency markets for active investing, trading volatility, yield farming, and arbitrage.
